BNY Mellon Municipal Bond Infrastructure Fund, Inc. (DMB)
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Why Low Tax Muni Bonds Belong In Your Retirement Portfolio In 2026
Municipal bonds offer tax-exempt income with lower default risk than similarly rated corporate bonds, making them attractive for higher-income investors. Long-duration munis are well-positioned to benefit from a potential decline in long-term interest rates. Closed-end funds provide diversified exposure but vary meaningfully in leverage, credit risk, distribution strategy, and discounts to NAV.
DMB: Vulnerable To High Interest Rates
BNY Mellon Municipal Bond Infrastructure Fund is maintained at a Hold rating due to ongoing sensitivity to high-interest rates and aggressive leverage. DMB offers a 4.6% tax-advantaged yield, attractive for high-income investors seeking federally tax-exempt income, but lacks upside in equity bull markets. Heavy allocation to long-dated municipal revenue bonds and 35% leverage creates significant interest rate risk, suppressing NAV and share price.
BNY Mellon Municipal Bond Infrastructure Fund, Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| PER Paul E. Rasmussen SIT INVESTMENT ASSOCIATES Inc. | 645,093 | $6.91M | $7.13M | $215,202.57 | 3.11% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 10,155 | $107,033.7 | $112,212.75 | $5,179.05 | 4.84% |
 Bulldog Investors Bulldog Investors LLP | 520,749 | $5.49M | $5.75M | $264,860.83 | 4.82% |
 Jeff Ameen Spire Wealth Management | 811 | $8,547.94 | $8,953.44 | $405.5 | 4.74% |
| PF Phillip Fitzsimmons Hennion & Walsh Asset Management Inc. | 247,088 | $2.64M | $2.73M | $95,304.6 | 3.62% |
